Mercury Systems Receives $4.6M for High Performance Signal Processing Subsystems for Ship-borne Radar Application
Mercury Systems, Inc. (NASDAQ: MRCY), a best-of- breed provider of commercially developed, open sensor and Big Data processing systems for critical commercial, defense and intelligence applications, announced it received $4.6 million in follow-on orders from a leading defense prime contractor for high performance signal processing subsystems for a ship-borne radar application. The orders were booked in the Company’s fiscal 2014 first quarter and are expected to be shipped within the next 24 months.
“These orders reflect the strength of our commitment to delivering highly advanced signal processing subsystems that enhance the performance of our customers’ systems and our military’s ability to carry out critical defense operations,” said Didier Thibaud, President of Mercury’s Commercial Electronics business unit. “We are proud to continue to collaborate with this long-standing customer and to provide subsystems that help increase affordability and competitiveness.”
The Global Military Radar Market 2013-2023
Source : Mercury Systems, Inc.